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Starbucks to close stores, cut about 900 jobs

Financial Express Mumbai

|

September 26, 2025

STARBUCKS SAID ON Thutrsday it would close underperforming coffee shops,mainlyin North America, and cut about 900 jobs as part of a restructuring plan underCEO Brian Niccol thatwould costabout $1 billion.

The company has been revamping its US operations under Niccol’s strategy to restorea traditional coffeehouse atmosphere in stores by reducing wait times in a bid to revive sales, while al

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